Medical Pendant Market Size, Share & Trends Analysis Report By Product (Fixed, Fixed Retractable, Single Arm Movable, Double and Multi-arm Movable, Accessories), By Applications (Surgery, Endoscopy, Anesthesia, Intensive Care Unit (ICU), Others), By Capacity (Low Duty, Medium Duty, Heavy Duty), By End-User (Hospitals, Clinics, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global medical pendant market size was valued at USD 420.31 million in 2022. It is expected to reach USD 701.21 billion by 2031, at a CAGR of 6.02% over the forecast period (2023–2031). The market growth for medical pendants is anticipated to be propelled by technological advancements in these systems throughout the forecast period.

In the modern operating room of a hospital, the medical pendant is a crucial medical gadget supplying gas. It is mainly used in operating rooms to transfer medical gases such as oxygen, suction, compressed air, nitrogen, etc. The medical pendant mostly controls the motor that raises the platform and is dependable and safe. It can operate quickly and efficiently thanks to a motor drive, and its balanced design ensures its safety and keeps the equipment at a platform level. The surface of the composite material can be washed with a common disinfectant, which can completely remove pollutants.

The medical pendant can be adjusted to expand its area of operation and boost its effectiveness; adjustment and use are easier and more practical. The single cantilever is used as an operating room with a restricted area since the pendant head and carrying platform can only hover over the radius of the cantilever with 340° as the rotation angle. Moreover, the region is intersected by cable and network communication lines as well as gas pipes. The instrument outlet, medical gas outlet, and gas pressure gauge can all be installed by rotating the head of the medical pendant.

Market Dynamics

Global medical pendant market drivers

Growing demand for medical pendants

Healthcare professionals generally use medical pendants to position several medical devices and other necessary objects while performing surgical procedures. These systems correctly position medical gas, terminal units, and equipment. The primary reason for the surge in demand for medical pendants is their extensive usage in surgical procedures. For example, Trivitron Healthcare provides multifunctional surgeon pendants, which are long vertical consoles used as pendants for fluid management and equipment during surgeries. These systems also have rails and shelves that reduce the need for trolleys and increase workspace.

Moreover, benefits offered by medical pendants are expected to boost the demand for these systems during the forecast period. Some of the notable advantages offered by medical pendants are mentioned below:

• Can accommodate all medical equipment that is required during surgical procedures
• Offer a safe and clean environment, which is vital during surgeries.

Therefore, the abovementioned factors are expected to boost the demand for medical pendants, propelling the market growth during the forecast period.

Technological advancements in medical pendants

Technological advancements in medical pendants are expected to drive the market growth for these systems during the forecast period. For instance, advancements have enabled button-press-enabled medical pendants to facilitate arm movement as per user requirements. Commercially accessible medical pendants with multifaceted designs and extremely versatile combinations are primarily intended to satisfy certain healthcare needs.

In line with this, Brandon Medical Co., Ltd. provides the Atlas Pendant, a moveable pendant that can be worn on a single or double arm. It is made to support infection control protocols and makes cleaning simple. MediBoom with Service Head M6, a single-arm movable medical pendant that can be incorporated with the M6 MediSound-System, is offered by Ondal Medical Systems GmbH. This system is resistant to dangerous bacteria because it is made with a unique antibacterial material.

Moreover, some medical pendants are fully customizable as per requirements. For instance, some medical pendants can move up and down and rotate up to 340 lbs, withstand up to 400 lbs, comprise adjustable equipment shelves (which yield a maximum weight of 150 lbs each), and include customizable consoles. Moreover, a few medical pendant systems can connect with other devices, such as communication and rail systems, for quick installation.

Global medical pendant market restraint

High cost of medical pendant systems

High costs of medical pendants are likely to hinder market growth during the forecast period. For instance, a basic medical pendant ranges from USD 1,000 to USD 10,000. This factor restricts healthcare professionals from using medical pendants. Moreover, the high prices of these systems may reduce the market penetration rate of this equipment in developing and underdeveloped countries. Therefore, the abovementioned factors may hinder market growth during the forecast period.

Global medical pendant market opportunities

Increasing number of healthcare professionals, clinics, and hospitals

An increasing number of healthcare professionals, clinics, hospitals, and other healthcare centers worldwide is expected to boost the demand for medical pendants during the forecast period. Since healthcare professionals are the primary users of medical pendants, an increase in their numbers is expected to drive up demand for these systems throughout the forecast period. Moreover, the rising number of hospitals and clinics worldwide is predicted to fuel the demand for medical pendants. For instance, according to a report published by the American Hospital Association in 2018, there were about 6,210 and 1,875 community hospitals and rural community hospitals in the U.S. in 2017. Therefore, increasing the number of hospitals and clinics may boost the demand for medical pendants during the forecast period.

Regional Analysis

Region-wise, the global medical pendant market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

North america dominates the global market

North America is the most significant global medical pendant market shareholder and is predicted to exhibit a CAGR of 5.3% during the forecast period. The U.S. holds a larger share of the medical pendant market in North America. This is due to the presence of major market players and robust healthcare infrastructure, the rising burden of acute diseases, and the increasing number of healthcare specialists. According to a study by RAND Corporation, the number of active anesthesiologists was likely to increase from 35,000 in 2011 to 46,971 in 2017. This is expected to boost the demand for medical pendants during the forecast period. Moreover, major market players, such as Skytron LLC, BeaconMedæs, and STERIS, are expected to facilitate market penetration of medical pendants in North America during the forecast period.

Furthermore, the increasing burden of critical diseases and the growing need for critical care are expected to propel the demand for medical pendants during the forecast period. According to a study by the University of California, San Francisco, about 4 million people are admitted to the Intensive Care Unit (ICU) annually. Treatments offered in ICUs include intensive or invasive monitoring, comprehensive management of injury or illness, and stabilization of acute or life-threatening medical problems. Moreover, the increasing number of hospitals and ICUs is expected to boost market growth. For instance, according to a survey by the American Hospital Association (AHA), the number of critical care beds in the U.S. increased from 67,579 in 2006 to 77,809 in 2010. The country also has over 400 pediatric ICUs and more than 1,500 neonatal ICUs.

Asia-Pacific is expected to grow at the greatest rate over the projected period due to factors including favorable government initiatives about the use of medical devices, a growing geriatric population, and increasing healthcare expenditure. Moreover, high-growth opportunities in countries such as Japan, China, and India will likely contribute to market growth. Market players in these countries have several international tie-ups with major global players. As per the Asian Development Bank estimates, the senior population is expected to reach about 923.0 million by 2050. It further stated that the aging population accounted for 4.8% of the total population in Malaysia in 2010 and is expected to increase to 15.0% by 2050.

In Asia-Pacific, stomach cancer ranks as the fourth most prevalent cancer. In this region, it is considered the third most common cause of death, after lung and breast cancer. Stomach cancer remains a significant public health concern despite a modest decline in fatality rates. A higher prevalence is found in East Asia, particularly in nations like China, Japan, and South Korea. These elements are projected to increase demand for medical pendants specializing in endoscopy over the forecast period.

Segmental Analysis

The global medical pendant market is segmented based on product, application, capacity, and end-user.

Based on product, the global medical pendant market is segmented into fixed, fixed retractable, single-arm movable, double and multi-arm movable, and accessories.

The fixed medical pendant segment dominates the global market and is estimated to grow at a CAGR of 6.3% during the forecast period. Fixed medical pendants are of two types, i.e., single square column and rotary triangular medical pendants. The fixed medical pendant segment dominated the market in 2022, owing to its higher adoption in surgery, endoscopy, anesthesia, and intensive care units. Moreover, these pendants offer several advantages, such as low cost, lightweight, and easy installation. Thus, these factors are expected to drive the growth of this market during the forecast period.

Based on application, the global medical pendant market is segmented into surgery, endoscopy, anesthesia, Intensive Care Unit (ICU), and others. 

The surgery segment owns the highest market share and is estimated to grow at a CAGR of 6.4% during the forecast period. A rising number of surgical procedures worldwide is a significant factor driving market growth. According to a report by the Royal College of Surgeons, about 4.7 million surgical admissions were recorded in England in 2014. Moreover, as per the American Society of Plastic Surgeons, more than 1.8 million cosmetic surgical procedures were conducted in the U.S. in 2018. Since medical pendants are one of the tools surgeons need to perform surgeries, the number of surgeries performed is anticipated to propel market growth over the forecast period.

Based on capacity, the global medical pendant market is segmented into low-duty, medium-duty, and heavy-duty.

The low-duty segment dominates the global market and is estimated to grow at a CAGR of 5.8% during the forecast period. Low-duty products typically include low-cost fixed-arm pendants desired by small hospitals and some clinics. Their load capacity of up to 200 kg allows for most basic equipment, such as surgical lighting, to be hoisted on the medical pendant. However, numerous OEMs (original equipment manufacturers) provide flexible and multiple-arm pendant options that are more in demand from specialty clinics. Low-duty pendants are easier to operate and maintain than heavy-duty pendants.

Low-duty pendants also allow for lower maintenance and are more economical than heavy-duty pendants. Due to their primary purpose of providing surgeons and other medical professionals with storage and support during a surgical procedure, the majority of medical pendants that are sold fall under the category of low-duty capacity products. However, endoscopy centers, specialty clinics, and assisted living facilities have recently started requesting low-duty products with ergonomic designs and more functionality, like flexible maneuverability, LED lighting, etc. As a result, there is an increasing demand for low-duty pendants worldwide due to the advent of new, aesthetically pleasing models that are both functionally superior and more affordable.

Based on end-users, the global medical pendant market is segmented into hospitals, clinics, and others. 

The hospital segment owns the highest market share and is expected to grow at a CAGR of 5.9% during the forecast period. Specialized medical pendants in operating rooms and intensive care units (ICUs) are expected to drive this segment's growth and hold the largest share of the medical pendant market overall during the forecast period. Hospitals are well-equipped with high-quality medical equipment to meet and ensure patient requirements and satisfaction. Double-arm medical pendants are widely used in hospitals to supply medical gases required during surgeries. For instance, Skytron offers a variety of ceiling-mounted pendant systems, which allow easy access to displays, medical gases, lights, utilities, and other medical equipment. Therefore, increasing medical pendants in operation theaters and hospital ICUs is expected to boost market growth during the forecast period.

Recent Developments

• June 2023 - STERIS plc announced that the Company had signed a definitive agreement to purchase the surgical instrumentation, laparoscopic instrumentation, and sterilization container assets from Becton, Dickinson, and Company (NYSE: BDX) (“BD”) for $540 million (“the Transaction”).
• April 2023- Brandon Medical announced that it was awarded the Innovation and Sustainability Category at the 2023 Medilink NOE Healthcare Business Awards. The awards celebrate North England's best healthcare and life science companies, recognizing innovative technology, design and processes, partnerships, sustainability, and outstanding achievements.